IBM calls reports of sacking 5000 employees factually inaccurate

Media reports had said the technology giant was laying off 5000 employees in India, joining the ranks of Cognizant, Infosys and Wipro in shedding jobs.Jochelle Mendonca | ET Bureau | May 17, 2017, 13:22 IST

IBM said media reports about it firing 5000 employees were factually incorrect and that it was continuing to re-skill and rebalance its employee workforce.

Media reports on Tuesday had said the technology giant was laying off 5000 employees in India, joining the ranks of Cognizant, Infosys and Wipro in shedding jobs.

“This is factually incorrect. We are not going to comment further on rumors and speculation. Re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cognitive and cloud technologies for clients around the world,” a spokesperson for IBM said in an email.

A source with knowledge of the matter told ET that when IBM had let-go off 200 employees in a business unit last year, it had done so in a staggered manner over six months. The source added that the 5000 number was not accurate.